Illinois Teacher's Retirement System (TRS) has committed US$ 1.25 billion to six new and existing fund managers. The TRS investment staff will commit funds to Rhumbline Advisors,  Carlyle Group, Oak Street Real Estate Capital, Kirkoswald Capital Partners, Arlington Capital Partners, and Aurora Capital Partners.

Adrian Lee & Partners was terminated from the management of a nominal US$ 500 million passive currency overlay program for the fund's US$ 9.6 billion international equity portfolio. Rhumbline Advisors was awarded US$ 400 million for investment in a large-cap U.S. equity factor-based investment strategy from the US$ 8.3 billion U.S. equity portfolio.

Carlyle Group received US$ 200 million commitment to Carlyle Global Infrastructure Opportunity Fund, from TRS' US$ 520 million real assets portfolio. Value-added real estate fund Oak Street Real Estate Capital also received commitments of US$ 300 from the US$ 6 billion core/value-added real estate portfolio. Kirkoswald Capital Partners also received an investment of US$ 200 million in its global macro fund from the defined benefit plan's US$ 5.5 billion diversifying strategies portfolio, which includes hedge funds, alternative risk premium strategies, risk parity, and systematic and discretionary macro funds. TRS' defined benefit plan's US$ 6.9 billion private equity portfolio committed US$ 75 million each to Arlington Capital Partners and Aurora Capital Partners.